Other Loan Options
The Federal Housing Administration's (FHA) objective is to assist with providing housing opportunities and is widely used for first-time homebuyers.
3.5% down payment
Down payments may be gifted by family members or your employee
Expanded qualifying and underwriting ratios
Home sellers can contribute up to 6% of the purchase price for closing costs
Reduced credit or poor credit situations may not disqualify borrowers for FHA home financing. FHA looks at the borrower’s big-picture situation.